GPT brings Australian office zero emissions target closer – Singaporean media-based company buys UK student accommodation portfolio
Read more →General Property Trust
World property Th2Oct14 – New GPT fund, Brisbane apartments sell fast, Daiwa signs Australian housing JV, consents San Francisco style
GPT launches $A376 million Metro Office Fund – Lend Lease scores with new Brisbane apartments – Australian fund manager signs JV with Daiwa House – And you thought consents were hard to get here?
Read more →World property M31Mar14 – Canadians buy into Chinese housing, GPT buys half a mall, CFS Retail internalisation done, Westfield advances to split, shift in debt currency, second 360 Capital listing
Canadian pension fund enters housing joint venture with China Vanke – GPT fund buys half of Melbourne shopping centre from Canadian fund – CFS Retail completes internalisation, Dexus takeover of office fund nears completion – Westfield organises funding for new group split – A-Reit shifts funds from euro to yen – Newly listed 360 Capital to list office fund separately
Read more →GPT exits US seniors portfolio to refocus on Australia
Published 21 February 2011 The GPT Group announced binding contracts last Wednesday for the sale of its US seniors housing portfolio to Health Care REIT Inc, a publicly traded US real estate investment trust for $US890 million, reflecting a passing yield of 6.2%. GPT chief executive & managing director Michael Cameron said the sale marked […]
Read more →GPT’s $A1.9 billion wholesale shopping centre fund oversubscribed
Published 4 April 2007 GPT (the General Property Trust) has sold $A1.9 billion of prized Australian shopping centres into a wholesale fund, which closed oversubscribed on Monday. The GPT Wholesale Shopping Centre Fund will own 50% of the super-regional Highpoint Shopping Centre & adjoining Homemaker City Maribyrnong bulky goods centre in Melbourne and 50% of […]
Read more →GPT confirms Highpoint purchase
Published 21 March 2006 General Property Trust has bought 50% of the Highpoint shopping centre in Melbourne, plus management rights, for $A621.2 million after confirming Myer Ltd wouldn’t exercise its right of refusal over the 50% interest. Settlement is scheduled for 31 March. GPT anticipates a first-year yield of 5.8% (5.5% including acquisition costs) on […]
Read more →GPT Homebush buy creates potential $A400 million business park
Published: 2 August 2005 General Property Trust, now fully split from its former manager, Lend Lease Corp, has exchanged contracts to buy a 12,900m² site in the Homebush Bay Olympic Park precinct in Sydney which, it says, could lead to $A400 million of development. The leasehold commercial site at 5 Figtree Drive cost GPT $A19 […]
Read more →GPT unitholders vote to split from Lend Lease
Published: 2 June 2005 General Property Trust’s management won support today for its proposal to take management inhouse and embark on a change of investment direction which will see the trust team up with investment banker Babcock & Brown for about 15% of its portfolio. 78% of all issued units were voted at the meeting […]
Read more →Stockland still under 1% of GPT as bid closes
Published: 4 March 2005 Stockland Property Group didn’t make it to 1% of General Property Trust in its failed takeover bid, made after GPT’s manager, Lend Lease Corp Ltd, was also rebuffed. Stockland’s daily notices to the ASX looked fine if you took away the decimal point. By Thursday it had 0.7777% of GPT. Its […]
Read more →Pleased as punch at GPT – just don’t believe the numbers
Published: 12 February 2005 General Property Trust produced an annual result on Friday which shows it’s doing very well. Unfortunately, after the January release of revaluations used to dampen enthusiasm for Stockland Property Group’s hostile takeover bid, many comparisons of GPT’s annual performance can’t be made with any accuracy. GPT increased its retail portfolio by […]
Read more →GPT pulls out overdue revaluations to show how bad Stockland offer is
Published: 24 January 2005 General Property Trust used a partial portfolio revaluation today to attack Stockland Property Group’s hostile takeover bid – and in doing so exposed a rort in its own camp. A schedule which GPT issued today showed a total 32.6% gain on 12 properties of $A894 million, plus a probable gain from […]
Read more →Grant Samuel sees nothing compelling in Stockland offer for GPT
At last, a strong statement against the supposed inevitability of takeovers in the Australian property sector: the statement by the independent appraisers of Stockland Group’s presumed takeover-by-right of General Property Trust. The same inevitability has been evident elsewhere, particularly in the US where, once a bid has been made, it’s accepted that the target will […]
Read more →GPT moves to quarterly portfolio updates
Cinemas fall heavily, offices strong Sydney-based General Property Trust has moved to quarterly portfolio updates. Its retail portfolio increased total centre sales/m² by 0.8% in the year to 31 March and total specialty sales 0.3%. Specialty occupancy costs rose slightly to 14.8%. Among the majors, discount department stores showed strongest sales growth, up 2.6%/m². Supermarkets […]
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